An official from the Department of Business, Energy and Industrial Strategy (BEIS) has pushed back against claims that “question marks” hang over government decarbonisation plans, stating that good progress had been made.
Ofgem’s head of networks has reiterated the regulator’s warning to operator companies that they should expect tougher price controls after pointing to “double digit returns” deemed too high within current market conditions.
Changes to the de-rating factors for battery storage projects competing in the Capacity Market (CM) will push the sector towards longer-duration batteries, while potentially sparking a shift towards energy arbitrage as a source of revenue for shorter duration applications.
Government policy and regulation offer the biggest barriers to the deployment of battery energy storage in the UK according to the All-Party Parliamentary Group (APPG) on Energy Storage, which claims 12GW of batteries could be deployed by 2021 under the right circumstances.
Distribution network operator (DNO) Northern Powergrid has unveiled a predictive fault detection project which it says could be a game-changer for network operators.
Digitalisation in solar and across the wider European energy market could create “vast” market opportunities and entirely new business models, a new report has found.
Great Britain’s electricity networks will collaborate on new markets for flexibility services to rival the need for traditional upgrade investments, developing a national smart grid which could deliver £17 billion back to the economy by 2050.